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1: Mimi company's annual net income for the period 2013-2017 follows: Net Income (loss) PHP Year 2013 2014 2015 2016 150,000 340,000 645,000 (100,000) 2017
1: Mimi company's annual net income for the period 2013-2017 follows: Net Income (loss) PHP Year 2013 2014 2015 2016 150,000 340,000 645,000 (100,000) 2017 250,000 I A review of the company's records reveals the fing inventory errors: Remarks Year 2013 2014 2015 2016 Amount 3,000 Understatement, end of the year 6,000 Overstatement, end of the year 1. 2. 4,500 Understatement, end of the year 11,000 Overstatement, end of year What is the adjusted net income (loss) in 2013? What is the adjusted net income (loss in 2014? 3. What is the adjusted net income (loss) in 2015? What is the adjusted net income (loss) in 2016? 5. What is the adjusted net income (loss) in 2017? 4
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